A good money has to inflate to account for new produced wealth in society. Hard cap money won't ever be anything else but speculation tool with huge volatility.
party crashing... i have been thinking recently about if/when inflation can be a positive thing, but i never thought to conceptualise it like that. 🤔
Inflation has to follow the new wealth that the society is producing. That what a "healthy" inflation is.
Economy would eventually come to a stand-still, no investments, no innovations.
The cryptospace *naturally* inflates/deflates with value invested in it. More investment = more coins. Less value = coins die. I’d like to see ‘money’ in general work like this
More investment does NOT create more coins. If I pay a billion dollars for 10 million BTC, or $0.01 for that same 10 million BTC, not even one Bitcoin came into existence as a result.
by coins i meant entirely new cryptos/tokens/projects. poor choice of word.
The key word is investment. Technically Bitcoin is not supposed to be an investment. Just like the 1.00 bill is not an investment. You hoard it because its $$, not because it goes up.
agreed. but if money must inflate with wealth, then there is no good way of doing this on one currency, fiat or crypto. My point is that maybe ‘cryptos’ (plural) could do this.
I agree that there are competing design goals. Privacy, speed, price.
XMR wins on privacy and price (less than BCH for txn fees) but still has a PoW block wait time (only 2 mins tho)
XRP wins on speed and price: <5 sec to confirm and essentially free to use ($0.000001/tx or somesuch) but is no more private than a Visa card or vanilla BCH
BCH is 2 hundredths of a penny. If something is cheaper nobody is going to care. Wallet generates speed. Like I say nothing is faster than the Bitcoin.com wallet. NOTHING.
And as for faster... XRP confirms *on-chain* in 5 seconds or less(!)
No PoW coin is ever going to match that; it's just not a compatible design.
0 conf works just fine. .
If you don't mind people paying you... and the smart ones taking their money back after you're "paid"
Only 1 out of 4000 attempts is able to pull off a double spend. Not 4000 transactions. 4000 attempts.
Agreed that below a tenth of a penny almost nobody cares. But if you want to support HFT and price discovery in a real DEX to match wall street, $0.001 >> $0.000001
XRP is no better than an excel spreadsheet.
Excel spreadsheets are centralized. XRP is not. I assume you have not read the ILP RFCs, as I have.
https://bit.ly/2yvUvog
XRP is a centralized scamcoin.
Muh Zimbabwe bank partnership...
XRP can suck my nutsZ
Cashfusion has more combinations than Atoms in the Universe when shuffled. Not exactly vanilla.
XMR mixes 11 randm UTXOs with each txn. That is also more combos than atoms in the universe. That alone is not enough to protect you. Are the input&output addresses & amount encrypted?
That was a cool point of interest for selling the program.
Wait until it's official on the Bitcoin.com wallet and then we will take a look at those Darknet numbers.
Not so mention that XRP is a security and it is only a matter of time before it is legally classified as such.
Less than BCH in transaction fees? Last time I used XMR it was $0.6 for one single transfer
You’re paying extra for anonymity; not necessarily a bad thing.
I understand that but he's saying Monero is cheaper than BCH. That's technologically impossible
The same link you provided shows fees around $0.02 the last three months. Still way more than BCH and I'm sure Monero usage is very low these days.
I used monero as a user and developer. UX is pretty bad and it's almost not programmable because of privacy features. It's hard to see it grow when there are no apps except wallets.
If you look at the median fee for BCH it's .0007
Let's be real. Monero has been out since 2014. It will never pass BCH unless something happens where it is SIGNIFICANTLY better than BCH. And right now it's not.
What do you mean they are old? That's an updated fee chart. LOL Old fees are like .13-20 LOL
Also, built in inflation...I dislike that part.
The 0.6 XMR/block tail emission? It prevents XMR fees from going stratospheric like BTCs did from halving. It's also less than the expected amount of deflation (lost keys)
That's what MoneroCoretards want you to believe and accept as fact.
"expected amount of deflation (lost keys)"
This is retardation, you can't possibly know how many are being lost.
BTC of course loses on all 3: not private, slow, expensive (esp when network is busy).
BCH is the second-run in all 3. Not so private (even with shuffle), nor fastest nor cheapest.
with fiat inflation is controlled by a single party. A plethora of cryptocurrencies might allow the process to happen organically, even if individual coins are hard capped.
As everybody is keeping money at home, there would be almost impossible to take a loan. Why risk with giving a loan, if my money is going to appreciate by keeping it.
You really need to go back and read what Bitcoin is about. You are way off your rocker.
Hey, I know what Bitcoin is. I still can have my opinion if that is the best way or not.
Without that healthy inflation, people would be incentivized to keep the money at home and speculate on its future value that they think will only be increasing (hard cap).
